Knight-Swift Transportation (KNX) Expected to Announce Quarterly Earnings on Wednesday

Knight-Swift Transportation (NYSE:KNX) is expected to release its earnings data after the market closes on Wednesday, January 22nd. Analysts expect Knight-Swift Transportation to post earnings of $0.33 per share and revenue of $1,882,719.36 billion for the quarter.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. Knight-Swift Transportation had a return on equity of 1.81% and a net margin of 0.50%. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, analysts expect Knight-Swift Transportation to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Knight-Swift Transportation Trading Up 1.6 %

Shares of Knight-Swift Transportation stock traded up $0.86 during trading hours on Wednesday, reaching $55.82. The stock had a trading volume of 1,704,603 shares, compared to its average volume of 1,747,523. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 242.71, a P/E/G ratio of 1.89 and a beta of 0.98. Knight-Swift Transportation has a 1 year low of $45.55 and a 1 year high of $60.99. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.31. The firm has a 50 day simple moving average of $55.55 and a two-hundred day simple moving average of $53.15.

Knight-Swift Transportation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Friday, December 6th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.15%. Knight-Swift Transportation’s payout ratio is 278.26%.

Analysts Set New Price Targets

KNX has been the topic of several research reports. Stifel Nicolaus raised their price objective on Knight-Swift Transportation from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Citigroup lowered Knight-Swift Transportation from a “neutral” rating to a “sell” rating and set a $56.00 target price for the company. in a research note on Tuesday, November 12th. Susquehanna raised Knight-Swift Transportation from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $48.00 to $67.00 in a research report on Friday, January 3rd. Barclays increased their price objective on shares of Knight-Swift Transportation from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group boosted their target price on shares of Knight-Swift Transportation from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $58.44.

Insider Activity

In related news, Director Ploeg David Vander sold 500 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $57.10, for a total transaction of $28,550.00. Following the completion of the transaction, the director now owns 30,729 shares in the company, valued at $1,754,625.90. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Kevin P. Knight sold 29,779 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $57.19, for a total value of $1,703,061.01. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.